Thursday, February 11, 2010

Nouriel Roubini : Greece problems are only The tip of the iceberg

Nouriel Roubini

Roubini Greece Bailout is a step in the right direction

Nouriel Roubini thinks that the Greece bailout by the European Union is a step in the right direction althout he would have preferred for Greece to go through a formal IMF structural Program . Roubini also believes that the Greece problems are only the tip of a bigger iceberg , the rest of the PIIGS countries are not in a better shape than Greece , Portugal and its neighbor Spain may soon come to Brussels to ask for their bailouts too following Greece footsteps
"It is a step in the right direction even if my favored choice for Greece is to get a formal IMF program,"
Nouriel Roubini said
"IMF lending is based on conditionality of achieving certain fiscal and structural goals. In the case of loan guarantees, it's very hard to make those loan guarantees either give them—or don't give them." Roubini added ...
Source CNBC

No comments:

Related Posts Plugin for WordPress, Blogger...